Size of Economic Footprint
The scale to which government should exist and operate in the world is a matter of debate. Government spending in developed countries varies considerably but generally makes up between about 30% and 70% of their GDP. One major exception is the United States, where central government spending takes up less than 20% of GDP, although the combined spending of all administrations reach 36%.
Read more about this topic: Government Operations
Famous quotes containing the words size, economic and/or footprint:
“Our brains are no longer conditioned for reverence and awe. We cannot imagine a Second Coming that would not be cut down to size by the televised evening news, or a Last Judgment not subject to pages of holier-than-Thou second- guessing in The New York Review of Books.”
—John Updike (b. 1932)
“A society which is clamoring for choice, which is filled with many articulate groups, each urging its own brand of salvation, its own variety of economic philosophy, will give each new generation no peace until all have chosen or gone under, unable to bear the conditions of choice. The stress is in our civilization.”
—Margaret Mead (1901–1978)
“An oblong puddle inset in the coarse asphalt; like a fancy footprint filled to the brim with quicksilver; like a spatulate hole through which you can see the nether sky. Surrounded, I note, by a diffuse tentacled black dampness where some dull dun dead leaves have stuck. Drowned, I should say, before the puddle had shrunk to its present size.”
—Vladimir Nabokov (1899–1977)